Introducing our new COVID-19 insurance that covers loss of pay, quarantine expenses, and treatment costs

We have launched COVID-19 Benefit Insurance Policy in collaboration with Reliance General Insurance, which provides the widest possible coverage. This insurance plan offers a best-in-class sum assured a maximum of Rs. 2 lakhs.

Our COVID-19 Protection insurance is a much-needed product in the market. From covering against positive diagnosis, 14-day quarantine, loss of pay/job, it also offers a waiver to the 45 days Travel exclusion policy as add-ons. This policy aims at reducing the financial implications one might occur due to the pandemic.

Our insurance plan provides 100% sum-insured in lumpsum on being tested positive for the virus and the patient does not need to wait for the entire treatment to get completed to receive the financial help. This policy covers individuals between the ages of 3 months to 60 years, with a wide range of sum-insured options ranging from Rs. 25,000 to Rs 2 lakhs.

We have made the entire process of purchasing the policy quite hassle-free and the users do not require extensive or any manual documentation. This policy can be bought by following a few simple steps on our Paytm app.

Our COVID-19 Benefit Insurance Policy has a validity period of one year and there are multiple plans that can one opted depending on one’s need. The waiting period is for 15 days before one can claim against the policy.